The Real Deal

02/13/2025

Cash is king in real estate — but how can developers get financing? Ackman-Ziff's capital advisor Simon Ziff explains ‘hot money’ (and how to find it) in our latest interview.

Watch it here: https://www.youtube.com/watch?v=lcV4vVZn3DQ

02/13/2025

There's still time to join these principals at Future City for executive conversations about the future of the built world. Building robotics, 3D printing in construction, AI, and insider perspectives on the next political and economic cycle are all the agenda, along with ample time to enjoy all that the Sanctuary at Kiawah Island resort has to offer, such as golf, s***t shooting, fishing, whiskey tasting and more.⁠
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Space is limited for the retreat, happening March 9-11
Apply to attend here: https://events.therealdeal.com/future-city/home?utm_source=social&utm_medium=all&utm_campaign=attendee_carousel_4_shahab&tpcc=sprout_general&utm_content=1739482209
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Featured attendees: KAR Properties' Shahab Karmely, Camber Creek's Casey Berman, Nahla Capital's Genghis Hadi, Gemini Rosemont's Tenzin Tsungmey, Charney Companies' Sam Charney, Gemini Rosemont's Andy Wong

02/13/2025

A nursing home exec alleges embattled attorney Mark Nussbaum used its escrow money to pay for a Brooklyn dealmaker’s silence. Nussbaum calls the claim a "confused mess of scandalous conspiracy theories."

Nursing home exec Jacob Sod claims attorney Mark Nussbaum wired $15M from escrow to Wolf Wercberger.

02/13/2025

New York City kicked off 2025 by bucking the rental market’s seasonal slowdown — once again.

New York City rents rose annually in January amid still-tight supply and higher mortgage rates.

02/13/2025

Ari Rastegar, who once claimed to have the "biological age" of a child, filed plans for a mixed-use development in Austin called "Infinity Living."

Millionaire biohacker Ari Rastegar filed plans with the state for a $63 million project in Austin called “Infinity Living.”

02/13/2025

Billabong, Quiksilver and Volcom are among the brands that will see all stores close after a bankruptcy petition.

Learn more: https://therealdeal.com/national/2025/02/10/billabong-quiksilver-stores-closing-after-bankruptcy/?tpcc=sprout_general&utm_campaign=sprout_general&utm_content=1739460786&utm_medium=The+Real+Deal&utm_source=facebook

02/12/2025

Up to 43K new homes could soon come to Los Angeles — if the city can find a way to convert more of its aging commercial building stock to apartments. Will adaptive reuse save LA’s housing market?

Up to 43,000 new homes lay in wait across LA, if the city can convert more of its aging commercial building stock to apartments.

02/12/2025

Ken Griffin just called Trump’s tariffs and rhetoric a "huge mistake," warning that the chaos of the president's actions could deter economic growth in the country.

The Citadel chief fears the chaos of the president’s actions could deter economic growth in the country.

02/12/2025

It’s déjà vu all over again for the Real Estate Board of New York. REBNY has tapped CoreLogic to replace Perchwell as the back-end provider powering its RLS, sparking complaints from members.

REBNY has tapped CoreLogic to replace Perchwell as the back-end provider powering its RLS, sparking complaints from members.

02/12/2025

During Vornado Realty Trust’s fourth quarter earnings call, CEO Steve Roth called remote work a “scare” and said “most have left their kitchen tables and are back at the office.”

During Vornado Realty Trust’s fourth quarter earnings call, the CEO said office demand is back but willingness to build new product is not.

02/12/2025

Meta Platforms, which said it would shed 2 million square feet of offices across the Bay Area, is growing its footprint instead.

Read more: https://bit.ly/40U3Qz5

02/11/2025

Alan Stalcup, the embattled head of one of the Sun Belt’s largest multifamily syndicators, GVA, is on the hook for a $285 million personal guarantee after triggering "bad boy" guarantees, lender Benefit Street Partners claims.

Syndicator Alan Stalcup is on the hook for a $285 million personal guarantee after triggering “bad boy” guarantees, lender Benefit Street Partners claims.

02/11/2025

Elon Musk and his Department of Government Efficiency are looking to cut the federal real estate footprint and headcount. An official at the Government Services Administration says they "want to make the buildings so crappy that people will leave."

The billionaire and the Department of Government Efficiency are looking to cut the federal real estate footprint and headcount.

02/11/2025

The average New Yorker might not know Jesse Hamilton by name, but the NYC Mayor ally wields a lot of power over the city's real estate holdings and leases. His little-known Department of Citywide Administrative Services, or DCAS, manages roughly 400 leases by city agencies at private property, spanning more than 22 million square feet, as well as the city’s own 15 million square feet.

The probe into Mayor Eric Adams' administration shined a light on Hamilton and his department's activities. After the pandemic, private landlords looked to DCAS as a lifeline to fill vacant space in their struggling office buildings. But the probe into Mayor Eric Adams' administration shined a light on Hamilton's activities there. Authorities are investigating whether Hamilton put his thumb on the scale in favor of specific owners. (The Department of Justice directed Manhattan prosecutors to drop their criminal case against Mayor Eric Adams on Feb. 10. No word what the DOJ's move might mean for separate investigations into Hamilton and DCAS.)⁠

Go inside the NYC department wheeling and dealing with big landlords behind the scenes at the link below.

Turns out, administering the city’s office leases at the department of Department of Citywide Administrative Services is a powerful job.

02/11/2025

Witkoff Group formed a joint venture with Ocean Terrace Holdings, revealing plans to revive a stalled mixed-use luxury condo project in North Beach that's been in the works for at least a decade.

Witkoff Group formed a joint venture with Ocean Terrace Holdings, revealing plans to revive a stalled mixed-use project in North Beach.

02/11/2025

From AI and robotics in urban development to what the current administration has in store for construction and development, 2025 is already signaling it's here to shake things up for real estate. How can you prepare yourself for even more change and not just future-proof your business, but future-fuel it?

We're bringing together a powerhouse crew of CEOs, developers, investors, architects, and thought leaders to explore the trends reshaping our urban landscapes. Think interactive sessions led by visionaries, open-air networking, and quality time with industry heavyweights representing over $50B in real estate.

Future City is all off the record, so you must be there in person to:
⭐ Dive into the future of the built world: Uncover new business and financing models, tech and techniques that will transform how we design, build, and manage properties.
⭐ Get inner circle intel: Meet VIPs from Charney Companies, Nahla Capital, Rastegar, Gensler, RJ Capital, Gemini Rosemont, Diald and more – they're leading the charge on groundbreaking deals, and they're confirmed to be there.
⭐ Shape the way we live: Hear from visionaries and dealmakers behind the projects and technologies that are already in motion to define the standard for urban cores decades from now.

This is all happening March 9-11 at The Sanctuary Resort at Kiawah Island. Get details on how you can join us here: https://futurecity.therealdeal.com/?utm_source=social&utm_medium=all&utm_campaign=amir_video

02/11/2025

Just after Steve Hagerty launched his emergency management consulting firm outside Chicago in 2001, his Hagerty Consulting was called after 9/11 to run a $7.4 billion public assistance fund.

Now, the Evanston, Illinois-based company has been tapped by Los Angeles Mayor Karen Bass to manage the city's wildfire recovery.

Its task: to oversee infrastructure restoration and environmental mitigation for parts of the nearly 37 square miles destroyed in the fire.

A snapshot of the Chicago area disaster response firm tasked with overseeing Los Angeles' wildfire recovery.

02/11/2025

Looking to make some major money moves? Try real estate. Soloviev Group CEO Michael Hershman discussed the industry's power to accumulate wealth in an exclusive conversation with Stuart Elliott.

Watch more here: https://www.youtube.com/watch?v=iBUwtlZbcho&t=1s